India’s landmark indirect tax reform, i.e, Goods and Services Tax, finally became a reality. The new tax regime began with the speech of the President of India. Under the new tax regime, all the prevailing

Instruction No. 07/2023-Customs, dated February 28, 2023, was issued by the Central Board of Indirect Taxes and Customs (CBIC) on the completion of data entry in the DRI Intelligence Gathering and Investigation Tool (DIGIT) on

To give relief to businesses and affected individuals amidst the stress caused by the novel coronavirus pandemic, the Department of Commerce, Ministry of Commerce and Industry has introduced several relaxations and extensions in deadlines, etc.

This weekly round-up analytically summarises the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan.in during the previous week from May 13th to 20th, 2023. Unsecured FCCDs issued to Holding Companies

This yearly digest analyzes all the ITAT stories published in the year 2023 at taxscan.in Assessee’s Delinquency and Lethargy in Pursuing Matter Before the Tax Authorities Attracts Cost: ITAT AnilkumarChampalal Jain vs ITO CITATION:  2023

This yearly digest analyzes all the ITAT stories published in the year 2023 at taxscan.in Assessee’s Delinquency and Lethargy in Pursuing Matter Before the Tax Authorities Attracts Cost: ITAT AnilkumarChampalal Jain vs ITO CITATION:  2023

The Hyderabad bench of Income Tax Appellate Tribunal (ITAT) recently ruled that Assessee eligible for getting the benefit of section 54F of the Income Tax Act 1961 since the gain on entering into the development

The Union Finance Minister Arun Jaitley Chaired the 25th Meeting of the GST Council held today has recommended changes in Tax rate on thirty three Services. The Council has recommended many relief measures regarding GST rates

Introduction India is unique in the range of tobacco products that are available at different price points, targeted at populations with substantial differences in socioeconomic and demographic profiles. Tobacco is consumed in a variety of

This weekly round- up analytically summarizes the key stories related to the Authority for Advance Ruling( AAR) ,reported at Taxscan.in during the previous weeks from October 1 to 15th, 2022.  Re: M/s AS & D

The Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman presented the Economic Survey 2021-22 in Parliament today. The highlights of the Economic Survey are as follows: State of the Economy: Indian economy estimated

The role of economic arrangements in the promotion of a free society is twofold. On the one hand, freedom in economic arrangements is in itself a component of freedom, in its broad sense. So, economic

This weekly round-up analytically summarises the key stories related to the Supreme Court and High Court reported at Taxscan.in during the previous week from April 17 to April 21, 2023. Penalty u/s 45 of Gujarat

This weekly round-up analytically summarises the key stories related to the Supreme Court and High Court reported at Taxscan.in during the previous week from March 4 to March 11, 2023. Discriminatory proceedings of claiming differential

The inception of green taxes can be traced back to the early 20th century when certain nations pioneered tax policies to incentivize the adoption of cleaner and more sustainable technologies. However, it wasn't until the